Tribune Publishing Co (TPCO) Given $23.00 Average Target Pr…

Shares of Tribune Publishing Co (NASDAQ:TPCO) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Analysts have set a one year consensus target price of $23.00 for the company and are expecting that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Tribune Publishing an industry rank of 102 out of 257 based on the ratings given to related companies.

Separately, Zacks Investment Research raised shares of Tribune Publishing from a “hold” rating to a “strong-buy” rating and set a $17.00 price target on the stock in a research note on Saturday, November 17th.

Shares of TPCO stock opened at $13.24 on Wednesday. The firm has a market capitalization of $471.36 million, a price-to-earnings ratio of 12.26 and a beta of 1.67. Tribune Publishing has a 1 year low of $12.81 and a 1 year high of $24.74. The company has a current ratio of 1.22, a quick ratio of 1.17 and a debt-to-equity ratio of 0.02.

Tribune Publishing (NASDAQ:TPCO) last posted its quarterly earnings results on Wednesday, November 7th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.06). The business had revenue of $255.77 million for the quarter, compared to analysts’ expectations of $233.80 million. Tribune Publishing had a return on equity of 6.90% and a net margin of 18.92%. Research analysts expect that Tribune Publishing will post -0.15 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Panagora Asset Management Inc. purchased a new position in Tribune Publishing during the 3rd quarter valued at $2,344,000. Bridgeway Capital Management Inc. purchased a new position in Tribune Publishing during the 3rd quarter valued at $852,000. Finally, Matarin Capital Management LLC purchased a new position in Tribune Publishing during the 3rd quarter valued at $685,000. 38.42% of the stock is currently owned by institutional investors.

Tribune Publishing Company Profile

Tribune Publishing Company, a media company, publishes newspapers worldwide. The company operates in two segments, troncM and troncX. It publishes daily newspapers; weekly newspapers; and digital platforms, such as Websites and mobile applications. The company also provides various digital marketing services, which include the development of mobile Websites, search engine marketing and optimization, social media account management, and content marketing for its customers’ Web presence for small to medium size businesses.

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